Fox Valley home prices May 27th

Posted on May 27, 2023May 27, 2023 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices May 27th

Fox Valley home prices May 27th. The weather is perfect. Sunny and warm temperatures. A little too sunny though, we don’t expect to get any rain for another week. It is really getting dry.

New listings are down. 158 this week compared to 181 the previous week.

Closed listing are up. 165 this week compared to 148 the previous week.

Aurora-New 17 $205,000-$999,999

Closed-21 $218,000-$715,000

Batavia-New 7 $389,900-$1,399,000

Closed-11 $226,000-$875,000

Naperville-New 35 $385,000-$1,600,000

Closed-28 $360,000-$1,557,000

Plainfield-New 28 $285,000-$1,100,000

Closed-26 $320,000-$1,045,000

Yorkville-New 12 $330,490-$649,900

Closed-6 $325,000-$485,000

There was activity in other communities. Click on the photo above to see the price ranges in those communities.

Financing used, median prices, and 2,000 SF or more

Median list price this week $445,000, last week $435,000

Closed median price this week $435,000, last week $420,000

Stats 052723 — Stats for week ending May 27th

Conventional financing was used to close on 119 homes this week at median price $440,000 with 24 days average market time, last week 116 homes at median price $430,000 with 21 days average market time.

Conv 052723 — Conventional financing used to close for week ending May 27th

Cash was used to close on 30 homes this week at median price $470,000 with 27 days average market time, last week 17 homes at median price $586,305 with 11 days average market time.

Cash 052723 — Cash used to close for week ending May 27th

FHA financing was used to close on 15 homes this week at median price $335,500 with 26 days average market time, last week 14 homes at median price $345,500 with 37 days average market time.

FHA 052723 — FHA financing used to close for week ending May 27th

VA financing was used to close on 2 homes this week at median price $373,450 with 70 days average market time, last week 1 home at $375,000 with 7 days average market time.

VA 052723 — VA financing used to close for week ending May 27th

2,000 square feet or more closed on 107 homes this week at median price $522,000 with 32 days average market time, last week 94 homes at median price $485,000 with 25 days average market time. Minimum price this week $280,000, last week $140,000.

2000 SF or more 052723 — 2,000 SF or more closed for week ending May 27th

Slightly over 72% of homes closed this week using Conventional financing.

Under contract this week

Homes that went under contract are consistent. 197 this week compared to 193 the previous week.

Aurora-24 Bolingbrook-19

Naperville-38 Plainfield-23

St Charles-16 Yorkville-11

No short sales were accepted this week.

Seller’s accepted contracts this week that are contingent on the buyer closing on their current home. 1 with a kick-out clause of 72 hours, 5 with 48 hours, and 4 with 24 hours.

Also, a seller accepted a contract that is contingent on the buyer selling and closing on their current home. 1 with a kick-out clause of 48 hours.

Median price of homes that went under contract this week $419,900 with 32 days average market time, last week $400,000 also with 32 days average market time.

Under contract 052723 — Under contract for week ending May 27th

2023 by the month and a look back at 2022 and 2021

2023

Month New Closed Under contract

January 483 326 470

February 630 526 789

March 555 558 726

April 710 617 755

May 735 603 816

Totals 3113 2630 3556

2022

January 422 492 623

February 523 520 724

March 734 904 890

April 1168 966 1334

May 1101 893 806

Totals 3948 3775 4377

2021

January 543 649 829

February 561 604 778

March 993 1099 1455

April 1006 926 1387

May 1088 1288 1289

Totals 4191 4566 5738

You can see new listings have steadily declined every year. So have closed listings. The need for housing has not declined. Some have given up finding a home and are either living with family or renting. Rentals are also hard to find.

Keep an open mind when looking for a home. You might need to drive a little farther or find a home and make adjustments to the home.

Resources

Click on each underlined bullet point to take you to the site for the information.

Talk to your loan officer to see what programs they offer.

All data provided today is from our MLS, MRED, LLC. It changes throughout the day.

Contact us

Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.

Fox Valley home prices May 27th. Have an awesome week!

Kristine Heiman, Designated Managing Broker

SFR, SRS, SRES, AHWD

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 Ext 101

Fox Valley home prices May 13th

Posted on May 13, 2023May 13, 2023 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices May 13th

Fox Valley home prices May 13th. It is a rainy weekend. 60 and 70’s next couple weeks and getting down to mid 40’s and 50’s at night.

New listings this week are consistent. 195 this week compared to 201 the previous week.

Closed listings are down. 129 this week compared to 161 the previous week.

Aurora-New 26 $149,900-$649,500

Closed-18 $144,000-$622.530

Bolingbrook-New 13 $179,000-$550,000

Closed-10 $250,000-$476,500

Naperville-New 51 $365,000-$3,000,000

Closed-16 $309,000-$925,000

Plainfield-New 23 $340,000-$925,000

Closed-23 $225,000-$645,390

St Charles-New 11 $210,000-$1,325,000

Closed-9 $270,000-$1,000,000

Yorkville-New 11 $249,900-$580,000

CLosed-3 $330,000-$840,000

Click on the photo above to see the price ranges in communities not listed here.

Financing used, median prices, and 2,000 SF or more

Median list price this week $412,500, last week $429,900.

Closed median price this week $389,000, last week $401,500.

Stats 051323 — Stats for week ending May 13th

Conventional financing was used to close on 89 homes at median price $395,000 with 37 days average market time, last week 121 homes at median price $419,000 with 17 days average market time.

Conv 051323 — Conventional financing used to close for week ending May 13th

Cash used to close on 20 homes at median price $363,750 with 21 days average market time, last week 21 homes at median price $410,500 with 63 days average market time.

Cash 051323 — Cash used to close for week ending May 13th

FHA financing was used to close on 15 homes this week at median price $322,000 with 38 days average market time, last week 15 homes at median price $337,500 with 56 days average market time.

FHA 051323 — FHA financing used to close for week ending May 13th

VA financing used to close on 4 homes at median price $407,000 with 67 days average market time, last week 3 homes at median price $379,900 with 5 days average market time.

VA 051323 — VA financing used to close for week ending May 13th

2,000 square feet or more closed on 74 homes at median price $475,750 with 31 days average market time, last week 100 homes at median price $488,000 with 28 days average market time. Minimum price this week $289,000, last week $310,000.

2000 SF or more 051323 — 2,000 SF or more homes closed for week ending May 13th

Just under 69% of homes closed this week using Conventional financing.

Under contract this week

Homes that went under contract this week are up. 232 this week compared to 194 the previous week.

Aurora-38 Bolingbrook-22

Naperville-39 Oswego-14

Plainfield-32 St Charles-19

Yorkville-10

1 short sale was accepted this week by a seller. It was in Sugar Grove. Now it will be submitted to the lender to see if they will also accept.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 2 with a kick-out clause of 72 hours, 3 with 48 hours, and 1 with 24 hours.

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 1 with a kick-out clause of 72 hours and 2 with 48 hours.

Median price of homes that went under contract this week $437,000 with 26 days average market time, last week $399,450 with 27 days average market time.

Under contract Stats 051323 — Under contract stats for week ending May 13th

2023 by the month

Month New Closed Under contract

January 483 326 470

February 630 526 789

March 555 558 726

April 710 617 755

May 396 290 426

Totals 2774 2317 3166

Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois. At the end of each month we will also take a look back at 2022 and 2021 so you have something to compare to.

Resources

Click on each underlined bullet point to take you to the site for the information.

All data provided today is from our MLS, MRED, LLC. It changes throughout the day. The numbers I downloaded this morning will be different than this evenings numbers.

Contact us

Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.

Fox Valley home prices May 13th. Have an awesome week!

Kristine Heiman, Designated Managing Broker

SFR, SRS, SRES, AHWD

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 Ext 101

Fox Valley home prices April 15th

Posted on April 15, 2023April 15, 2023 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices April 15th

Fox Valley home prices April 15th. We are in the 80’s today, but going down to 42 on Monday then back to 50 and 60’s.

New listings this week are up. 220 this week compared to 142 the previous week.

Closed listings are down. 108 this week compared to 183 the previous week.

Aurora-New 26 $190,000-$1,300,000

Closed-12 $127,000-$541,850

Bolingbrook-New 13 $239,900-$695,000

Closed-9 $270,000-$677,887

Geneva-New 14 $250,000-$925,000

Closed-8 $340,000-$680,000

Naperville-New 49 $318,000-$3,200,000

Closed-11 $327,500-$810,000

Oswego-New 11 $320,000-$2,200,000

Closed-9 $271,000-$550,000

Plainfield-New 31 $235,000-$1,500,000

Closed-19 $290,000-$649,000

St Charles-New 18 $300,000-$2,250,000

Closed-7 $285,000-$1,050,000

Click on the photo above to see other communities with activity this week.

Financing used, median price, and 2,000 SF or more

Median list price this week $442,500, last week $420,000

Closed median price this week $400,500, last week $394,000

Stats 041523 — Stats for week ending April 15th

Conventional financing was used to close on 83 homes this week at median price $410,000 with 45 days average market time, last week 133 homes at median price $384,900 with 43 days average market time.

Conv 041523 — Conventional financing used to close for week ending April 15th

Cash was used to close on 14 homes this week at median price $337,500 with 14 days average market time, last week 29 homes at median price $445,000 with 57 days average market time.

Cash 041523 — Cash used to close for week ending April 15th

FHA financing was used to close on 8 homes at median price $344,950 with 42 days average market time, last week 12 homes at median price $326,500 with 64 days average market time.

FHA 041523 — FHA financing used to close for week ending April 15th

VA financing was used to close on 4 homes this week at median price $404,820 with 21 days average market time, last week 8 homes at median price $444,995 with 101 days average market time.

VA 041523 — VA financing used to close for week ending April 15th

2,000 Square feet or more closed on 67 homes this week at median price $455,490 with 37 days average market time, last week 104 homes at median price $468,750 with 58 days average market time. Minimum price this week $325,000, last week $120,000.

2000 SF or more 041523 — 2000 SF or more for week ending April 15th

Conventional financing continues to be the type of financing most used.

Under contract this week

Homes that went under contract this week are up. 189 this week compared to 154 the previous week.

Aurora-26 Bolingbrook-12

Naperville-33 Oswego-14

Plainfield-31

No short sales were accepted by seller’s this week.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 1 with a kick-out clause of 72 hours, 5 with 48 hours, and 2 with 24 hours.

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 4 with a kick-out clause of 48 hours and 1 with 24 hours.

Median price of homes that went under contract this week $415,000 with 33 average market time, last week median price $396,750 with 30 days average market time.

Under contract Stats 041523 — Under contract stats for week ending April 15th

2023 by the month

Month New Closed Under contract

January 483 326 470

February 630 526 789

March 555 558 726

April 362 291 343

Totals 2030 1701 2328

Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois. At the end of each month we will also take a look back at 2022 and 2021.

Resources

Click on each bullet point that is underlined to take you to the site for the information.

All data provided today is from our MLS, MRED, LLC. It changes throughout the day.

Contact us

Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.

Fox Valley home prices April 15th. Have an awesome week!

Kristine Heiman, Designated Managing Broker

SFR, SRS, SRES, AHWD

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 Ext 101

Fox Valley home prices April 8th

Posted on April 8, 2023April 8, 2023 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices April 8th

Fox Valley home prices April 8th. We are having a gorgeous weekend and the week ahead looks like it will be in the 70’s. We can finally enjoy some spring temps.

New listings this week are consistent. 142 this week compared to 139 the previous week.

Closed listings were slightly up. 183 this week compared to 172 the previous week.

Aurora-New 23 $179,900-$725,731

Closed-29 $152,500-$749,000

Bolingbrook-New 8 $250,000-$575,000

Closed-15 $199,000-$849,000

Geneva-New 2 $300,000-$695,000

Closed-11 $240,000-$1,500,000

Naperville-New 25 $400,000-$1,995,000

Closed-30 $285,000-$1,775,135

Plainfield-New 25 $274,900-$769,900

Closed-26 $209,000-$525,000

Click on the photo above to see other communities that had activity this week.

new listing price 4 8 23 — New listings for week ending April 8th

closed listing price 4 8 23 — Closed listings for week ending April 8th

Financing used, median prices, and 2,000 SF or more

Median list price this week $420,000, last week $395,000

Closed median price this week $394,000, last week $391,950.

Stats 040823 — Stats for week ending April 8th

Conventional financing was used to close on 133 homes at median price $384,900 with 43 days average market time, last week 116 homes at median price $412,495 with 49 days average market time.

Conv 040823 — Conventional financing used to close for week ending April 8th

Cash was used to close on 29 homes this week at median price $445,000 with 57 days average market time, last week 25 homes at median price 366,000 with 37 days average market time.

Cash 040823 — Cash used to close for week ending April 8th

FHA financing used to close on 12 homes at median price $326,500 with 64 days average market time, last week 27 homes at median price $320,000 with 38 days average market time.

FHA 040823 — FHA financing used to close for week ending April 8th

VA financing used to close on 8 homes at median price $444,995 with 101 days average market time, last week 3 homes at median price 400,000 with 102 days average market time.

VA 040823 — VA financing used to close for week ending April 8th

2,000 square feet or more closed on 104 homes at median price $468,750 with 58 days average market time, last week 99 homes at median price $462,000 with 58 days average market time. Minimum price this week $120,000, last week $270,600.

2000 SF or more 040823 — 2,000 SF or more for week ending April 8th

Almost 73% or homes accepted and closed this week used Conventional financing.

Under contract this week

Homes under contract this week are down. 154 this week compared to 204 the previous week.

Aurora-34 Naperville-23

Plainfield-22 St Charles-11

No short sales were accepted by seller’s this week.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 1 each with a kick-out clause of 72 and 48 hours.

Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 5 with a kick-out clause of 48 hours.

Median price of homes that went under contract this week $396,750 with 30 days average market time, last week $410,000 with 45 days average market time.

Under contract this week 020423 — Homes that went under contract for week ending April 8th

2023 by the month

2023

Month New Closed Under contract

January 483 326 470

February 630 526 789

March 535 558 726

April 142 183 154

Totals 1790 1593 2139

Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois.

Resources

Click on each bullet point that is underlined to take you to the site for the information.

All data provided today is from our MLS, MRED, LLC. The data changes throughout the day.

Contact us

Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.

Fox Valley home prices April 8th. Have an awesome week!

Kristine Heiman, Designated Managing Broker

SFR, SRS, SRES, AHWD

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 Ext 101

Fox Valley home prices November 19th

Posted on November 19, 2022 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices November 19th

Fox Valley home prices November 19th. We have had snow flurries the last few days here in the Fox Valley area of Illinois. Nothing that sticks though. Today should be the coldest day and then temperatures will go up and should be 52° by Thanksgiving Day.

We will highlight the communities with the most activity for new and closed prices, financing used, median prices, contracts accepted this week, and 2022 by the month.

New listings this week were pretty consistent. 126 this week compared to 122 the previous week.

Closed listings were up. 176 this week compared to 117 the previous week.

Aurora-New 19 $167,500-$589,000

Closed-25 $125,000-$530,000

Bolingbrook-New 9 $249,900-$550,000

Closed-16 $210,000-$816,929

Geneva-New 3 $310,000-$355,000

Closed-13 $270,000-$740,000

Naperville-New 25 $317,999-$1,699,900

Closed-23 $301,000-$981,000

Plainfield-New 17 $214,900-$646,549

Closed-25 $200,000-$1,232,271

St Charles-New 7 $225,000-$525,000

Closed-11 $370,000-$965,000

Take a look at the photo above for activity in other communities this week.

Financing used, median prices, and 2,000 SF or more

Median list price this week $392,449, last week $375,000

Closed median price this week $401,500, last week $358,000

Stats 111922 — Stats for week ending November 19th

Conventional financing was used to close 128 homes at median price $415,750 with 40 days average market time, last week 76 homes at median price $375,806 with 40 days average market time.

Conv 111922 — Conventional financing used to close for week ending November 19th

Cash was used to close on 26 homes this week at median price $415,500 with 28 days average market time, last week 17 homes at median price $345,000 with 97 days average market time.

Cash 111922 — Cash used to close for week ending November 19th

FHA financing was used to close 16 homes this week at median price $296,250 with 29 days average market time, last week 18 homes at median price $305,955 with 41 das average market time.

FHA 111922 — FHA financing used to close for week ending November 19th

VA financing was used to close on 6 homes this week at median price $359,949 with 27 days average market time, last week 3 homes at median price $385,000 with 5 days average market time.

VA 111922 — VA financing used to close for week ending November 19th

2,000 square feet or more closed on 108 homes this week at median price $484,750 with 38 days average market time, last week 66 homes at median price $459,995 with 48 days average market time. Minimum price this week for a 2,000 SF or more was $280,000, last week $235,000.

2000 SF or more 111922 — 2,000 SF or more closed for week ending November 19th

Conventional financing continues to be the financing most seller’s are looking for and buyer’s are using.

2022 by the month

Month New Closed Contracts accepted

January 422 492 623

February 523 520 724

March 734 904 890

April 1168 966 1334

May 1101 893 806

June 1295 1409 1234

July 955 932 908

August 1019 1134 1062

September 730 733 698

October 699 612 646

November 389 475 380

Totals 9035 9070 9305

New listings are getting lower and they are selling. If you need to sell it is still a good time.

Check back with us every Saturday for the real estate market update. At the end of each month we will also take a look back at 2021 and 2020 so you can see how this year is going.

Resources

Click on everything that is bold and underlined. It will take you to the site for the information. We try to share the information that you might be looking for. If there is other information that is not listed here let us know and we will point you in the right direction.

Check with your loan officer to see what interest rate you will be offered. It depends on your credit score and other things. They will explain it to you.

Now is a good time to check into down payment assistance and IHDA programs.

Connect with us onFacebook you can also search for a home there by clicking on “shop now.”

All data provided today is from our Multiple listing service, MRED, LLC. It changes continuously throughout the day as agents upload their information of new listings, price changes, contract accepted or back on the market.

Contact us

Call us at 630-503-6555. Your goal is our goal.

Fox Valley home prices November 19th. Have a Happy Thanksgiving!

Kristine Heiman, SFR, SRS, SRES, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 Ext 101

Fox Valley home prices November 5th

Posted on November 5, 2022November 5, 2022 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices November 5th

Fox Valley home prices November 5th. It is the first week in November and the weather is still mild. We will show you the home prices in the most active communities in the Fox Valley area of Illinois. The financing most used to close a home, median prices, and 2022 by the month.

New listings this week were down. 141 this week compared to 152 the week previously.

Closed listings were up. 182 this week compared to 144 the week previously.

Aurora-New 24 $159,900-$585,000

Closed-28 $150,000-$725,000

Bolingbrook-New 10 $264,999-$619,995

Closed-19 $181,000-$775,000

Geneva-New 11 $300,000-$629,000

Closed-9 $310,000-$1,049,000

Naperville-New 25 $323,900-$3,000,000

Closed-24 $282,500-$1,196,000

Plainfield-New 15 $219,900-$595,000

Closed-25 $217,000-$946,746

St Charles-New $250,000-$825,000

Closed-18 $285,000-$2,500,000

Yorkville-New 12 $199,900-$794,900

Closed-7 $62,500-$575,000

More communities had activity this week. Click on the photo above to see.

Financing used, median prices, and 2,000 SF or more

Median list price this week $369,900, last week $389,999

Closed median price this week $355,000, last week $375,000.

Stats 110522 — Stats for week ending November 5th

Conventional financing was used to close on 118 homes at median price $375,525 with 44 days average market time, last week 89 homes at median list price $400,000 with 37 days average market time.

Conv 110522 — Conventional financing used to close for week ending November 5th

Cash was used to close on 29 homes at median price $353,000 with 37 days average market time, last week 24 homes at median price $390,00 with 24 days average market time.

Cash 110522 — Cash used to close for week ending November 5th

FHA financing was used to close on 24 homes at median price $310,000 with 40 days average market time, last week 19 homes at median price $298,900 with 38 days average market time.

FHA 110522 — FHA financing used to close for week ending November 5th

VA financing was used to close on 9 homes at median price $355,000 with 79 days average market time, last week 9 homes at median price $375,000 with 15 days average market time.

VA 110522 — VA financing used to close for week ending November 5th

2,000 SF or more closed on 93 homes at median price $455,000 with 48 days average market time, last week 88 homes at median price $464,994 with 35 days average market time. Minimum price this week $237,000, last week $200,000.

2000 SF or more 110522 — 2,000 SF or more homes closed for week ending November 5th

Contracts accepted this week

Contracts accepted by seller’s this week are down. 119 this week compared to 156 the previous week.

Aurora-17 Naperville-15

Plainfield-18 St Charles-14

1 short sale was accepted by a seller. It was in Plainfield. Now it will be submitted to the lender to see if they will also accept.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 2 with a kick-out clause of 72 hours, 2 with 48 hours, and 1 with 24 hours.

Also, a seller accepted a contract that is contingent on the buyer selling and closing on their current home. 1 with a kick-out clause of 72 hours.

Medium price of homes that went under contract this week $379,900 with 51 days average market time, last week $369,450 with 45 days average market time.

Contingent Stats 110522 — Contingent Stats for week ending November 5th

2022 by the month

Month New Closed Contracts accepted

January 422 492 623

February 523 520 724

March 734 904 890

April 1168 966 1334

May 1101 893 806

June 1295 1409 1234

July 955 932 908

August 1019 1134 1062

September 730 733 698

October 699 612 646

November 141 182 119

Totals 8787 8777 9044

Check back with us every Saturday for the real estate market update. At the end of each month we will look back at 2021 and 2020 so you have something to compare to.

Resources

Click on everything that is bold and underlined to take you to the site for the information. If there is other information you are looking for let us know and we will point you in the right direction.

Check with your loan officer to see what interest rate you will be offered. It depends on your credit score and some other things. They can explain it to you.

Look for us on Facebook and give us a “like.” If you click on the button “shop now” you can search for homes. There is a down arrow so you can search different criteria.

All data provided is from our MLS, MRED, LLC. The data changes continuously throughout the day as agents upload their information.

Contact us

Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.

Fox Valley home prices November 5th. have an awesome week!

Kristine Heiman, SFR, SRS, SRES, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 Ext 101

Fox Valley home prices May 14

Posted on May 14, 2022 by Kristine Heiman, Designated Managing Broker

Fox Valley home prices May 14

Fox Valley home prices May 14. New listings were up significantly. 296 this week compared to 255 the previous week.

Closed listings this week were down. 182 this week compared to 241 the previous week.

Take a look at the communities with the most activity this week:

Aurora-New 40 $135,000-$799,900

Closed-23 $168,000-$810,500

Batavia-New 13 $220,000-$1,795,000

Closed-7 $295,000-$812,500

Bolingbrook-New 23 $169,900-$650,000

Closed-13 $315,000-$930,000

Geneva-New 12 $282,500-$779,900

Closed-5 $370,000-$875,000

Naperville-New 63 $339,800-$2,350,000

Closed-32 $330,000-$2,100,000

Oswego-New 16 $225,000-$1,390,000

Closed-8 $380,407-$568,382

Plainfield-New 32 $189,900-$1,049,900

Closed-12 $280,000-$545,000

St Charles-New 26 $135,000-$889,000

Closed-17 $285,000-$1,150,000

Yorkville-New 11 $299,900-$889,000

Closed-9 $325,000-$479,000

Financing used, median prices and 2,000 SF or more

Median list price of single family homes this week $415,000, last week $414,450.

Closed median price this week $395,000, last week $400,000

I forgot to print this page and had to go back in to do it and the number changed by 1 for closed homes.

Stats 051422 — Stats for week ending May 14

Conventional financing was used to close on 124 homes this week, with a median price of $425,000, and 23 days average market time. Last week 178 homes at median price of $425,750, and 24 days average market time.

Conv 051422 — Conventional financing used for week ending May 14

Cash was used to close on 24 homes at median price of $402,500, and 17 days average market time. Last week 32 homes at median price of $390,500, and 18 days average market time.

Cash 051422 — Cash used to close for week ending May 14

FHA financing was used to close on 25 homes at median price of $300,000, and 18 days average market time. Last week 25 homes at median price of $255,000, and 24 days average market time.

FHA 051422 — FHA financing used to close for week ending May 14

VA financing was used to close on 8 homes at median price of $346,600, and 66 days average market time. Last week 5 homes at median price of $590,000, and 18 days average market time.

VA 051422 — VA financing used to close for week ending May 14

Homes that were at least 2,000 square feet or more closed on 111 this week at median price of $470,000, and 22 days average market time. Last week 144 homes at median price $496,250, and 31 days average market time. The minimum price for this week $192,000, last week $200,000.

2000 SF or more 051422 — Homes that were at least 2,000 SF or more for week ending May 14

Contracts accepted this week

Contracts accepted this week were down. 259 this week compared to 272 the previous week.

Look at the communities seller’s accepted the most contracts:

Aurora-44 Bolingbrook-23

Geneva-15 Naperville-44

Oswego-10 Plainfield-35

St Charles-19

One short sale was accepted by a seller this week. It was in Bolingbrook. Now it will be submitted to the lender to see if they will also accept.

Seller’s accepted contracts that are contingent on the buyer closing on their current home. 1 with a kick-out clause of 72 hours, 5 with 48 hours, and 1 with 24 hours.

No contracts were accepted this week that were contingent on the buyer selling and closing on their current home.

Median price that went under contract this week $399,900, and 22 average market time. Last week was the same. Median price $399,900, and average market time 22 days.

Contingent Stats 051422 — Stats for contracts accepted for week ending May 14

2022 by the month

Month New Closed Contracts accepted

January 422 492 623

February 523 520 724

March 734 904 890

April 551 423 531

Totals 3,398 3,305 4,102

Check back with us every Saturday for the real estate market update for the Fox Valley area in Illinois. At the end of each month we will also show you 2021 and 2020 so you can compare and see how this year is doing.

It is time to keep an eye on how many new listings versus closed for the month. We are starting to see more price changes.

Resources

You can click on anything that is underlined here to go to the site for the information. If there is other information that you are looking for please let us know so we can point you in the right direction.

Check with your loan officer to see what interest rate they will be offering you. It depends on your credit score. If you need to improve your score they can help you.

Some lenders are offering to put you through underwriting when you start the process of wanting to buy a home. Get then all your financial information. This takes out all the guess work so you and a seller know that you are approved for a loan up to a certain price. If the home inspection goes well and the appraisal comes in at the contract price you are set to go and can close soon. Home inspections are not cheap. Why not get approved so you don’t have to worry that you are spending money on it when you don’t know if you will get approved.

Request a home valuation to see what your home is worth in today’s market. Tell us a little bit about your home and what has recently been updated. We will provide you with a net proceeds that shows you an estimate of what it will cost to sell your home. This will be updated when an offer comes in and we know all the terms.

You can set up an email alert so you will receive listings as soon as they hit the market.

Contact us

Call us at 630-503-6555 with all your real estate questions. Your goal is our goal. We will do everything we can to help you reach your goal.

If you need recommendations for loan officer, real estate attorney or home inspectors just let us know. We will provide you with a few to contact and you can decide who you would like to work with.

All data used is from our MLS. MRED, LLC.

Fox Valley home prices May 14. Have an awesome week!

Kristine Heiman, SFR, SRS, AHWD

Designated Managing Broker

Best Homes Fox Valley

200 Webster St

Montgomery, IL 60538

630-503-6555 ext 101

Search for a home today!